Wag.co Q1'2024 CONFIDENTIAL Legal Disclaimer Disclaimer The information provided in this presentation pertaining to Wag! Group Co. ("Wag!" or the "Company"), its business strategy and operations is for informational purposes only at the date of this presentation. The information in this presentation does not purport to be complete and does not contain all the information that is or may be material to investors or potential investors. The information in this presentation should not be considered as advice an ...

First Quarter 2025 Highlights: Exhibit 99.1 Wag! Reports First Quarter 2025 Results SAN FRANCISCO – (BUSINESS WIRE) – May 12, 2025 – Wag! Group Co. (the "Company" or "Wag!"; Nasdaq: PET), which strives to be the number one platform to solve the service, product, and wellness needs of the modern U.S. pet household, today announced financial results for the first quarter ended March 31, 2025. "We are pleased to begin 2025 with results slightly ahead of our expectations on profitability and in line with expect ...

Core Insights - Wag! Group Co. reported financial results for Q1 2025, showing revenues of $15.2 million, a decrease from $23.2 million in Q1 2024, and a net loss of $4.9 million compared to a loss of $4.2 million in the same period last year [9][20]. Financial Performance - Revenues for Q1 2025 were $15.2 million, broken down into $4.9 million from Services, $9.2 million from Wellness, and $1.1 million from Pet Food & Treats [9]. - The net loss for Q1 2025 was $4.9 million, compared to a net loss of $4.2 million in Q1 2024 [9][20]. - Adjusted EBITDA loss was $1.2 million in Q1 2025, down from a positive Adjusted EBITDA of $0.2 million in Q1 2024 [9][25]. Operational Highlights - The company emphasized disciplined cost management and operational streamlining as key factors in its performance [3]. - Wag! is encouraged by early traction from newly launched distribution partnerships and positive business trends observed through April and into May [3]. Guidance - For the full year 2025, Wag! expects revenues to be in the range of $84 million to $88 million and Adjusted EBITDA to be between $2.0 million and $4.0 million [10]. Company Overview - Wag! Group Co. aims to be the leading platform for pet services, products, and wellness needs in the U.S. pet market, having pioneered on-demand dog walking in 2015 [8]. - The company operates various platforms, including Petted for pet insurance comparison and Dog Food Advisor for pet food reviews [8]. Key Metrics - As of March 31, 2025, the number of platform participants was 472, down from 671 in the previous year [27]. - The net cash provided by operating activities was $1.4 million for Q1 2025, compared to $0.2 million in Q1 2024 [28].

Core Insights - Tiziana Life Sciences announced significant results from a PET scan showing a marked reduction in microglia activation in a patient with moderate Alzheimer's disease after three months of treatment with intranasal foralumab, indicating potential efficacy in reducing neuroinflammation associated with the disease [1][5][7] Company Overview - Tiziana Life Sciences is a biotechnology company focused on developing innovative immunomodulation therapies, with its lead candidate being intranasal foralumab, a fully human anti-CD3 monoclonal antibody [1][9] - The company aims to address the urgent need for effective treatments for Alzheimer's disease, particularly in moderate stages, as current approved therapies are lacking [7][9] Treatment Mechanism - Intranasal foralumab works by inducing T regulatory cells (Tregs) that travel to the brain to reduce neuroinflammation, which has been confirmed in both animal models and patients with secondary progressive multiple sclerosis [6][9] - The treatment has shown a favorable safety profile and clinical response in ongoing studies, with all 10 patients in an open-label program experiencing either improvement or stability of their condition within six months [8][9] Research and Development - The findings were presented at the 2025 AD/PD Conference and highlight the need for further studies to explore the effects of foralumab in a broader patient population with moderate Alzheimer's disease [5][7] - Tiziana's innovative nasal delivery approach is expected to enhance the efficacy and safety of immunotherapy compared to traditional intravenous methods [9] Market Context - Alzheimer's disease currently affects over 50 million people worldwide, with projections indicating that this number could triple by 2050, underscoring the critical demand for new treatment options [7][9]

Company Overview - Wag! Group Co. aims to be the leading platform addressing the service, product, and wellness needs of modern U.S. pet households [3] - The company pioneered on-demand dog walking in 2015 with the Wag! app, which connects users to over 500,000 Pet Caregivers nationwide [3] - Wag! Group Co. operates several platforms including Petted (pet insurance comparison), Dog Food Advisor (pet food reviews), WoofWoofTV (pet content), maxbone (pet essentials), and Furmacy (pet prescriptions) [3] Financial Results Announcement - The company will report its first quarter 2025 financial results before the market opens on May 12, 2025 [1] - A conference call to discuss the financial results will be held at 8:30 a.m. Eastern Time on the same day [1] Investor Participation - Investors and analysts can participate in the conference call by dialing 800-717-1738 (or 1-646-307-1865 for international callers) approximately 10 minutes prior to the call [2] - A live audio webcast of the conference call will be available online, with a recorded replay accessible for 90 days after the call [2]

Financial Performance - The company incurred net losses of $17.6 million, $13.3 million, and $38.6 million for the years ended December 31, 2024, 2023, and 2022, respectively, with an accumulated deficit of $179.3 million as of December 31, 2024[92]. - For the year ended December 31, 2024, the company reported a net loss of $17.6 million and net cash used in operating activities was $7.0 million[129]. - The company has incurred significant losses since inception, and failure to manage risks and challenges may adversely affect its long-term benefits and financial condition[92]. - The company faces substantial doubt regarding its ability to continue as a going concern due to projected cash needs and history of net losses[129]. - The company has approximately $229.6 million in U.S. federal net operating loss carryforwards and $189.9 million in state net operating loss carryforwards as of December 31, 2024[151]. Customer Dependence - For the fiscal year ended December 31, 2024, three customers accounted for an aggregate of 38% of total revenues, indicating substantial dependence on a small number of customers[96]. - The company is substantially dependent on revenues from a small number of customers, and any decline in revenue from these customers could adversely affect its financial condition[96]. Market and Competition - The company faces significant competition from various players in the pet care services market, which may impact its ability to attract and retain users[91]. - Demand for online pet care services has grown rapidly since the platform's launch in 2015, but the market is still in early stages, and future growth is uncertain[94]. - The company has launched new fee or pricing strategies, which may not be successful in attracting and retaining Pet Parents and Pet Caregivers due to competitive pressures[102]. - The company plans to continue investing in new offerings and initiatives to differentiate itself from competitors, but these efforts may increase expenses and organizational complexity[103]. Operational Risks - The company has experienced significant fluctuations in operating results, which may continue to vary significantly and are not necessarily indicative of future performance[93]. - The company faces risks related to privacy, data protection, and security breaches, which could lead to significant legal, regulatory, and financial exposure[161]. - The company has a limited operating history since its launch in 2015, making it difficult to predict future operating results and growth[119]. - International expansion poses additional risks, including compliance with various laws and managing operations across different cultures and legal systems[123]. Financial Condition and Funding - The company needs to obtain additional financing and/or refinance existing indebtedness, raising doubts about its ability to continue as a going concern[89]. - The company completed a registered public offering of common stock in July 2024 for net proceeds of approximately $8.6 million to alleviate financial conditions[129]. - The company is actively engaged in discussions to refinance its Financing Agreement, which is due in August 2025[129]. - As of December 31, 2024, the company had cash and cash equivalents of approximately $5.6 million and accounts receivable of $6.6 million, with total debt obligations amounting to $20.2 million[129]. Legal and Regulatory Risks - The company is subject to various legal and regulatory proceedings that could materially affect its reputation and financial condition[141]. - Regulatory scrutiny on gig economy companies may lead to new laws that could adversely affect the company's business model and operations[140]. - The company is currently subject to audits by tax authorities, which may result in additional tax liabilities[147]. - The company may face legal or regulatory proceedings related to intellectual property claims, which could result in substantial damages and affect its financial condition[183]. Cybersecurity and Data Privacy - The company has been subject to cybersecurity attacks in the past, which could harm its operations and reputation if such incidents occur again[89]. - The company maintains sensitive personal information and is vulnerable to data security breaches, which could adversely affect its business[157]. - The company may incur significant costs related to compliance with data privacy laws, which could affect its financial condition and operational results[165]. - Any negative publicity from data breaches or compliance failures could harm the company's reputation and user trust[166]. Internal Controls and Governance - The company has identified material weaknesses in its internal control over financial reporting as of December 31, 2024, which could lead to misstatements in financial statements[198]. - The company plans to remediate these material weaknesses by implementing technology, hiring personnel, and engaging external resources[199]. - The company is classified as an "emerging growth company," allowing it to take advantage of reduced reporting requirements, which may affect investor perception[202]. - The company has begun implementing remedial measures to address internal control weaknesses, but there is no assurance of success[199]. Stock and Market Risks - The stock price has fluctuated significantly, which may affect investor confidence and the ability to issue additional securities[208]. - The company's common stock has been below the minimum bid price requirement of $1.00 for 30 consecutive business days, which could lead to delisting from Nasdaq[219]. - The Market Value of Listed Securities (MVLS) was below the $50 million minimum requirement for continued listing on Nasdaq for 30 consecutive business days[219]. - If compliance is not regained, the company may face delisting, which could negatively impact share price and liquidity[221].

Wag! Group Co. (NASDAQ:PET) Q4 2024 Earnings Conference Call March 24, 2025 8:30 AM ET Company Participants Greg Robles - IR Garrett Smallwood - Chairman & CEO Adam Storm - President & Chief Product Officer Alec Davidian - CFO Conference Call Participants Jeremy Hamblin - Craig-Hallum Operator Good morning, and welcome to the Wag. Fourth Quarter and Full-Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal pr ...

Financial Performance - Revenues for Q4 2024 were $15.4 million, a decrease of 29.9% from $21.7 million in Q4 2023[10] - Full year 2024 revenues decreased 16% to $70.5 million, down from $83.9 million in 2023[10] - Net loss for Q4 2024 was $4.8 million, compared to a net loss of $3.5 million in Q4 2023[10] - Full year 2024 net loss was $17.6 million, compared to a net loss of $13.3 million in 2023[10] - Adjusted EBITDA loss for Q4 2024 was $1.0 million, compared to breakeven in Q4 2023[10] - Full year 2024 Adjusted EBITDA loss was $1.1 million, down from a positive Adjusted EBITDA of $0.7 million in 2023[10] - Revenues for Q4 2024 were $15,433,000, a decrease of 28.5% compared to $21,673,000 in Q4 2023[20] - Net loss for Q4 2024 was $4,814,000, compared to a net loss of $3,465,000 in Q4 2023, representing an increase in loss of 38.8%[20] - Adjusted EBITDA loss for Q4 2024 was $963,000, compared to a positive adjusted EBITDA of $5,000 in Q4 2023[24] - The net loss margin for Q4 2024 was 31.2%, up from 16.0% in Q4 2023[26] - Total costs and expenses for Q4 2024 were $18,971,000, down 19.7% from $23,586,000 in Q4 2023[20] - Cash used in operating activities for the year ended December 31, 2024, was $7,003,000, compared to $6,465,000 in 2023[22] - Cash and cash equivalents at the end of the period were $5,630,000, down from $18,323,000 at the beginning of the period[22] - The company incurred a loss on extinguishment of debt of $1,180,000 for the year ended December 31, 2024[22] - The company reported a decrease in sales and marketing expenses to $10,385,000 in Q4 2024, down from $13,735,000 in Q4 2023, a reduction of 24.5%[20] Future Outlook - The company expects revenues for 2025 to be in the range of $84 million to $88 million[10] - Adjusted EBITDA guidance for 2025 is projected to be between $2.0 million and $4.0 million[10] Strategic Initiatives - The company is reviewing strategic alternatives to maximize shareholder value, including potential investments and partnerships[1][2] - Three major new distribution partners were added, which are expected to accelerate demand for Wellness products[4] Operational Metrics - Platform participants as of December 31, 2024, were 445, unchanged from the previous year[26]

Core Viewpoint - Wag! Group Co. announced its financial results for Q4 and full year 2024, highlighting a strategic review process to maximize shareholder value through potential investments, partnerships, or other transactions [1][2]. Financial Performance Fourth Quarter 2024 Results - Revenues were $15.4 million, down from $21.7 million in Q4 2023, with $5.3 million from Services, $8.9 million from Wellness, and $1.2 million from Pet Food & Treats [7]. - Net loss increased to $4.8 million from $3.5 million in Q4 2023 [7]. - Adjusted EBITDA loss was $1.0 million, compared to breakeven in Q4 2023 [7]. Full Year 2024 Results - Total revenues decreased by 16% to $70.5 million from $83.9 million in 2023, with $21.6 million from Services, $42.7 million from Wellness, and $6.2 million from Pet Food & Treats [7]. - Net loss for the year was $17.6 million, compared to a net loss of $13.3 million in 2023 [7]. - Adjusted EBITDA loss was $1.1 million, down from a positive $0.7 million in 2023 [7]. Guidance for 2025 - The company expects revenues in the range of $84 million to $88 million and Adjusted EBITDA between $2.0 million and $4.0 million for the full year 2025 [7]. Strategic Initiatives - The company is focused on strengthening its balance sheet and reducing debt, with a disciplined approach to strategic alternatives [2]. - The addition of three major distribution partners is expected to accelerate demand for Wellness products [4]. Operational Metrics - As of December 31, 2024, the number of platform participants was 445, down from 600 in 2023 [23]. - The net loss margin for Q4 2024 was 31.2%, compared to 16.0% in Q4 2023 [23]. - Adjusted EBITDA margin for Q4 2024 was -6.2%, compared to 0% in Q4 2023 [23].

Core Viewpoint - Wag! Group Co. aims to be the leading platform addressing the service, product, and wellness needs of modern U.S. pet households, with a financial results announcement scheduled for March 24, 2025 [1]. Company Overview - Wag! Group Co. pioneered on-demand dog walking in 2015 with the Wag! app, which connects users to over 500,000 Pet Caregivers nationwide for services like dog walking, sitting, and training [3]. - The company operates several platforms, including Petted (a pet insurance comparison marketplace), Dog Food Advisor (a trusted pet food review site), WoofWoofTV (a multimedia company with over 18 million social media followers), maxbone (a digital platform for pet essentials), and Furmacy (software for pet prescriptions) [3]. Financial Information - The company will report its fourth quarter and full year 2024 financial results before market open on March 24, 2025, followed by a conference call at 8:30 a.m. Eastern Time [1]. - Investors and analysts can participate in the call by dialing specific numbers provided, with a live audio webcast available online [2].